2179 Pineapple Avenue Melbourne, FL $ 1,850,000
2179 Pineapple Avenue
$ 1,850,000
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2179 Pineapple Avenue

Melbourne, FL, 32935
$ 1,850,000
Bedrooms-- Baths10.0 Sq 4,185

Monthly Estimate*

$ 11,391

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Commercial Property for sale in Melbourne, FL

for $1,850,000 with 10 full baths. This 4,185 square foot building was built in 1958 on a lot size of 0.5.

Exceptional opportunity to own a rare 8-unit riverfront multifamily in the historic Eau Gallie Arts District. Located at 2179 Pineapple Ave, this income-producing property sits directly on the Indian River, offering long-term value, steady cash flow, and lifestyle appeal. The asset features a mix of long-term tenants and short-term rentals, allowing flexibility to optimize income while diversifying risk. All roofs have been replaced, and the main house HVAC system has been recently updated, reducing near-term capital expenditure concerns. Waterfront units and STR components benefit from strong rental demand driven by river views, sunsets, and proximity to downtown Eau Gallie, galleries, dining, and events. Ideal for investors seeking a stabilized asset with upside through rent optimization, STR expansion, or future appreciation in one of the Space Coast's most walkable and culturally vibrant corridors. A rare combination of location, condition, and income potential on the Indian River

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Commercial Active

Price

$ 1,850,000

Full Bath

10

Property Type

Commercial

Taxes

$ 16,970

Style

Multi Family

Lot Size

0.5

Year Built

1958

Town/City

Melbourne

County/Region

Brevard

MLS | Web ID

1068578

Features
General
Living Area 4185
Sewer Public Sewer
Heating Central Electric
Cooling Electric Multi Units Wall/Window Unit(s)
Utilities Cable Available Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Shingle
Construction Materials Block Frame Vinyl Siding
Year Built 1958
Property Subtype Multi Family
Tax Year 2025
Current Use Commercial Multi-Family
Gross Income 144000
Waterfront Features Intracoastal
County Brevard
Operating Expense 35000
Property Type Commercial Sale
Attached Garage false
Subdivision Name Eau Gallie Village Plat of
Status Active
Directions North on Pineapple from Eau Gallie 1 mile on the right
City Melbourne
Body of Water Indian River
Senior Community Y/N false
Number Of Units Total 8
MLS Area 323 - Eau Gallie
Lot Size Units Acres
Lot Size Square Feet 21780
Tax Annual Amount 16970
MLS Area Minor 323 - Eau Gallie
Standard Status Active
Legal Description EAU GALLIE VILLAGE PLAT OF LOT 22 BLK A EXC RD R/W
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Interior
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 10
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Exterior
Fencing Wood
Parking Features Assigned
Lot Features Other
Water Source Public
Inclusions Building & Land
Lot Size Area 0.5
Lot Size Acres 0.5
Waterfront Y/N true
Road Frontage Type City Street
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* Excluded Features
List By
Real Broker Llc

Broker

transactions@jasonengle.realtor

Email

Affordability Calculator

$12,805
Per Month
89%
11%
0%
Monthly Principal & Interest
$11,391
Monthly Property Taxes
$1,414
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/19/2026$1,850,000 -2.63% Price Down
2/20/2026$1,900,000 Listed Price

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2179 Pineapple Avenue, Melbourne, FL, 32935 is a Commercial Property for sale at $1,850,000 with 4,185 sqft and a lot size of 0.5. 2179 Pineapple Avenue has 10.0 baths and was built in 1958. The property's zip code is 32935 which is in Melbourne, FL